NASDAQ$AUTL

Autolus Therapeu · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Autolus reported its financial results for the full year ended December 31, 2023, and provided business updates.

Autolus Therapeutics reported a net loss of $208.4 million for the year ended December 31, 2023, with cash and cash equivalents totaling $239.6 million. The company highlighted its strategic alliance with BioNTech and the submission of the BLA for obecabtagene autoleucel (obe-cel) to the FDA.

  • Strategic collaboration and equity investment from BioNTech for aggregate proceeds of $250 million upfront, plus underwritten offering of ADSs for $350 million, for gross proceeds of $600 million received in February 2024.
  • Submitted a Biologics License Application (BLA) for obecabtagene autoleucel (obe-cel) to the US FDA with a PDUFA target action date of November 16, 2024.
  • Successfully completed first facility inspection and obtained a Manufacturer’s Importation Authorization (MIA) from the Medicines and Healthcare products Regulatory Agency (MHRA).
  • Submitted a Market Authorization Application (MAA) for obe-cel in r/r adult ALL with the European Medicines Agency (EMA).

Headline financials

Total Revenue

$1.78M

Previous: $3.83M-53.6%
EPS (adj)

-$0.45

Previous: -$0.23-95.7%
SG&A Expenses

$46.7M

Previous: $31.9M+46.5%
R&D Expenses

$130M

Previous: $117M+11.2%
Capital Expenditures

$1.48M

Previous: $633K+133.3%
Net Income

-$208M

Previous: -$27M-673.2%
Operating Income

-$180M

Previous: -$28.1M-539.6%
Gross Profit

$0.00

No prior period
R&D Expense

$25.2M

No prior period

Revenue & EPS history

Autolus · Revenue · Quarterly

$1.78M

Q4 2023-53.6%vs Q4 2022
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Revenue by segment

Autolus · $26.2M total across 1 segment · Q1 2026

  • AUCATZYL
    $26.2M

Forward guidance

Autolus anticipates several milestones in 2024, including obe-cel data updates, regulatory submissions, and initial data from the SLE Phase 1 study.

Tailwinds

  • Obe-cel FELIX data update at ASCO, EHA & ASH in June & December 2024
  • Obe-cel Marketing Authorization Application to MHRA in the second half of 2024
  • Obe-cel U.S. FDA PDUFA target action date November 16, 2024
  • Obe-cel in autoimmune disease – initial data from SLE Phase 1 study in late 2024
  • Well capitalized to drive the full launch and commercialization of obe-cel in r/r adult ALL

Headwinds

  • Risks that Autolus’ preclinical or clinical programs do not advance or result in approved products on a timely or cost effective basis or at all
  • The results of early clinical trials are not always being predictive of future results
  • The cost, timing and results of clinical trials
  • That many product candidates do not become approved drugs on a timely or cost effective basis or at all
  • The ability to enroll patients in clinical trials and possible safety and efficacy concerns

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-1.5%

Avg return

Earnings day

-4.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

38%

12 / 32 earnings

Positive

+38.6%

Q3 2023

Best reaction

-23.6%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-1.4%-8.5%
Q1 2026-7.6%-5.3%-8.8%
Q3 2025-10.7%-10.7%+7.3%
Q2 2025-12.7%-27.9%-42.1%
Q1 2025+10.0%+3.3%+90.2%
Q4 2024-13.4%-16.5%-26.3%
Q3 2024-6.3%-12.3%-23.4%
Q2 2024-8.7%-6.7%-0.4%
Q1 2024-1.2%-5.7%+10.6%
Q4 2023+6.2%+13.1%-8.4%
Q3 2023+38.6%+24.7%+42.0%
Q2 2023-3.5%-5.1%+6.7%
Q1 2023-3.6%-1.5%+48.0%
Q4 2022+6.8%-0.5%-4.7%
Q3 2022-15.6%-25.9%+7.2%
Q2 2022+24.7%+18.3%+14.0%
Q1 2022-11.5%-19.0%-15.6%
Q4 2021+3.6%+1.8%+15.9%
Q3 2021+2.0%+25.8%+4.0%
Q2 2021+5.2%+4.9%+26.0%
Q1 2021+3.3%-4.0%+22.1%
Q4 2020-3.4%-1.1%-7.8%
Q3 2020-8.3%-7.9%-12.1%
Q2 2020+4.2%+2.3%-17.8%
Q1 2020-1.8%+1.6%+27.8%
Q4 2019+10.6%-1.8%-35.4%
Q3 2019-7.6%-11.8%+13.0%
Q2 2019-23.6%-32.4%-5.0%
Q1 2019+6.7%+0.9%-28.3%
Q4 2018-6.5%-4.3%-4.0%
Q3 2018-10.6%-12.6%-36.3%
Q2 2018-10.6%-12.6%-36.3%
Q1 2018
Q3 2017
Q2 2017
Q1 2017
Q4 2016

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